ITASCA, Ill., April 11, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Charles Allen Agency, Inc. in Waite Park, Minnesota. Terms of the transaction were not disclosed.
Founded in 2010, the Charles Allen Agency, Inc. (CAA) is a retail insurance broker that provides commercial surety bonding and insurance services to clients throughout the Midwest. They specialize in coverage for the construction industry. Mark Gresser and his associates will continue to operate from their Waite Park location under the direction of Michael Pesch, head of Gallagher's Midwest region retail property/casualty brokerage operation.
"The CAA team is well known for their industry experience, strong market relationships and quality client service," said J. Patrick Gallagher, Jr. Chairman, President and CEO. "Their construction expertise and Minnesota presence will be a wonderful complement to our Midwest Region. We look forward to working with Mark and his colleagues, and we welcome them to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 31 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.